55 W Arch Street , Mansfield, OH 44902
Mansfield, OH 44902
Description
Welcome to 55-61 E Arch St, a solid brick, 8-unit property offering consistent income and potential for future growth. Each of the spacious 1 bed, 1 bath units spans 700 sq ft, providing ample living space. Currently, 7 out of 8 units are rented, generating $525 per unit each month, with tenants responsible for their own electric and gas utilities. The property features a mix of desirable amenities, including back balconies on the half units & attached basements for those on the bottom floor. Significant updates have been made such as new furnaces, water heaters, and plumbing improvements in select units. The electrical system has been fully updated, and the property boasts mostly new windows with freshly capped exteriors, along with newly constructed decks. With the owner providing stoves & refrigerators in every unit, and covering water and sewer expenses, this property is positioned to continue delivering steady returns. Don't miss out on this solid addition to your portfolio!
Details
| MLS# | 9061743 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 24 |
| Listing Provided By | Dream Huge Realty | John Pavlansky |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 |
| Basement | Y |
| Units | 8 |
| Acreage | 0.13 |
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Learn More About This Property
| State | OH |
|---|---|
| County | Richland County |
| City | Mansfield |
| Zip Code | 44902 |
| School District | Mansfield City School District |
| Elementary School | Mansfield City School District |
| Middle School | Mansfield City School District |
| High School | Mansfield City School District |
| Listing VS Median (in 44902) | |
Price: $399,900 low | high Med: $82,400 On Site: 24 low | high Med: 211.500000 | |